HOW HARD MONEY LOANS WORK

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Information HOW HARD MONEY LOANS WORK

Title	:	HOW HARD MONEY LOANS WORK
Lasting	:	13.03
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Views	:	122 rb

Does the hard money lender pay the realtor fees?
Comment from : Mendoza Raul

you rey talk that shit i’m trying make a lot of money
Comment from : TRIPLE3DBYDYLAN

Great video! Amazing content, thank you and keep it up please!
Comment from : Chris Chapin

Wait I’m lost…What if you’re not trying to flip the house but instead trying to rent it out? When will I have to return the money? Especially if I’m in it for longevity?
Comment from : Jaden Jackson

I need some funds to buy a house
Comment from : Jose Macias

So Thank you for your information I was wondering if you wouldn't mind answering two questions Could a hard money lender take possession of my property other than if I were to default on payment? And why would lender ask me to put him on my home owners ins? REALLY APPRECIATE your helpI'm getting cold feet about the deal
Comment from : Elle

I'm looking for a 25000 loan on a property that is in South America I believe it would be a great Airbnb investment Does anyone know the best route to obtain a loan without going through conventional financing?
Comment from : Chad Mckeighan

But how much will gap investors interest be? Thank you for the video
Comment from : Teodor Podaru

Can you do a video on how to start a bank and investment bank
Comment from : Gio Corpus

Wouldnt you only make 30k from this deal in reality? Because you went in with 50k for reno made 100k from the deal minus the 13,750 at the end?
Comment from : Zachary Lewis

What protects the buyer from the lender giving away the deal to one of their buddy
Comment from : HXME Tours

Did you forget to deduct Commisions and Clossing costs?
Comment from : Serge Caliz

how do i find the cheap houses
Comment from : Faf Dus

Is a LOC the only option for the renovations, or can the renos be rolled in to the hard money loan itself?
Comment from : Jenny Ingram

I am a commercial lender with Lend Base we offer asset based loans to help you free up your collateral we do everything under the sun Fix & flips, land loans, farm loans, DSCR loans, equipment loans, bridge loans ,Hard-money anything that you need This was one of the best explanations of a hard money loan that I have heard! Keep up the good work 😊
Comment from : Whitney Broomfield

Great content Thank you for breaking it down in extremely simple terms
Comment from : Michael Rainer II

Can you even do a flip in 6 months tho?
Comment from : Jorge Pizarro

Perfect
Comment from : shaun gorham

Can’t I take that 250K and buy other properties instead of the one I qualified for
Comment from : Get clout or get nothing

This was very informative Quick Question if you are needing the LOC do you just tell the Lender and is it a qualification process for the LOC for the Rehab?
Comment from : Tracy Thompson

Thanks bro
Comment from : Matt Keese

Great video, only problem I see is that you have in the example AUCTION property, please let me know which hard money lenders give loans for AUCTIONS and I will be first in line to get a deal done My experience is that no hard money lender gives money for AUCTIONS Please clarify
Comment from : John Gonzalez

What do you use to track payments from borrowers? so far I'm using excel sheets but wondering if there is an easier platform to make sure all money came in on a monthly basis
Comment from : Ivi B

You were all over the place Too many what ifs Stay on track
Comment from : David Snelson

Anything is better than dealing with pathetic regular Banks
Comment from : Raybassman

Meanwhile, I'm a Bahamian trying to learn this
Comment from : TradeTheLingo

Thanks for answering this topic
Comment from : Intermountain Gold Refiners

Perfect explanation…
Comment from : D Conquest

I'm trying to do a hard money loan in central FL How can I contact you?
Comment from : gnicholsification

Since second position for a hard money lender is very risky, why there are hard money lenders want to do 2nd position? Thank you
Comment from : Sarah Wang

So many examples of financing was left out
Comment from : Miguelo Themelo

great articulation!!!
Comment from : anand paul

You also have to include the commission you pay the realtor to sell your home and closing costs
Comment from : Amelia Serrano

3:04 where tf did you get the 400k selling figure?? Wouldn’t you get an appraisal before coming up with a random number to sell?
Comment from : Lottyhanz Familyties

Profit of 80k but you forget about agent commission and capital gain tax 80k turns to 40k real quick
Comment from : baxter34576

So how about buying a 100k home needing complete rehab and needing a 60k repair and realtor saying it will sell for 240-260k about how much real profit can I make with a hard money loan
Comment from : Life with Chicago

im confused on where the 50k would be coming from would it make sense to apply for a grants/loan for that 50k?
Comment from : nitro spark

I'm a new hard money lender I've closed three deals and am looking for more property flippers My problem is that people don't know I'm here and I only want to work locally I want to be able to drive by the properties without it being a big deal to me My question, how do I find more people looking for money?
Comment from : Mike John R

Watching from Pakistan for Hard money investing company A digital marketer agency owner who's running Ads for them You couldn't have explained it better dude!
Comment from : Zaid Khan

I bought a condo as investment with hard money loan I am thinking to refinance with other banks for lower interest rate any suggestioN?
Comment from : B M

No your not making 80K cuz you gotta pay taxes on that
Comment from : Elemental Welding

Asides the paperwork and terms being on point Since this is your personal money, are you still claiming short term capital gains Dealing with taxes, even though your not running your hard money lending as an llc business Or are you? Thx
Comment from : Kevin Smith

I specialize in delivering fast and efficient loans for business startup and expansions brApply now
Comment from : Lucas Grant

He didn’t make 80 profit when he put up his own $50,000 for rehab more like $30,000 profit
Comment from : Derrick Johnson

Why wouldn’t a house flipper just get a loan from a bank for lower interest rates?
Comment from : Jadon Neuhoff

Very straightforward and easy to digest! Thank you
Comment from : R K

What if property does not sell within 6 months, I am pretty sure there is a big fee or penalty the investor will have to absorb
Comment from : El koke Raliuga

ARVAfter "Repair" Valuebroskibrand transfer of funds always happens at Title No chance of skipping out to the Bahamas 😆
Comment from : ST77TX9

Is there anyway to do this type of video on a fix and flip properties because I am about to get into that business and you explain things so well !
Comment from : SpiT Yo Game

It’s hard for my own put i forgot all my English and math i don’t go to collage
Comment from : SilentEXE

This was awesome br I just want to add that 80k profit - 50k put for rehab brWould leave a profit of 30k Correct?brbrWhat happens to the closing cost expenses? 🤔
Comment from : Cesar Martinez

Do you have to have amount of reserves required plus the borrower funds in your bank at the time of closing ?
Comment from : Marisa Monique

Thank you so much !
Comment from : Marisa Monique

I just received the confirmation for my loan approval and I can’t tell you how overwhelmed I am for your this great gesture This was a very crucial moment for me as my deadline for paying my college fees was approaching I am a scholar in college and I have high hopes for my future, thanks once again
Comment from : Try ALEXANDER LIAM HACKS on Instagram

Great video Tx
Comment from : Cole Son

Phenomenal explanation thank you
Comment from : Yung Delirious

Would you recommend this kind of loan to buy and hold a multi unit?
Comment from : Jen Montgomery

Can your do this example on a fix and flip? I just like the way you explain it
Comment from : ArtisticallyAspiring

thanks
Comment from : LowkeySuccess

What happens if you're not able to to sell it for a loss You still owe hard money lenders? Will it go on your credit?
Comment from : Nabil

I need a sample contract so I can start lending
Comment from : Billy Gibbs

Thank you
Comment from : Bryan Miller

So how much would be the monthly payment for 250k loan in 6 months?
Comment from : CARLOS PEÑA

can a hard money loan also include refinance cost
Comment from : Skyler Hilton

Wait, didn't the investor make 30k in that deal? Not 80k 50k was used for rehab of his own money
Comment from : Lou V

how to get proof of money from hard money lender to buy Hud home
Comment from : Gina

Where did the 50k come from?
Comment from : WoodyTV/Southwest Texas Media

What about commercial 13M for a profitable running business
Comment from : Gemini M3 Gemini M3

What about if it is a pie and hold property? How does it work when you pay back the hard money lender?
Comment from : edifymeblog

What about closing costs when selling, seller finacing fees, real estate fees, etc thats -$25k from your $80k which leaves you at profit $55k
Comment from : Fallen America

You didn't subtract realtor fees when you sell
Comment from : Bubala

good vid
Comment from : Loading Less

You sir, you are a hero!
Comment from : Cameron Dierking

I will always talk about lavejam on telegram for changing my life for good he has never disappointed me ever since I met him
Comment from : Khan richard

If get a 6 month term hard money loan, but i finish the renovation in 4 months, do i have to pay 6 months of interest??
Comment from : Davidly04

it sounds that they are doing a 100 LTP (loan to price) but not a 100 LTV as the value is 350k? and therefore 71 LTV?
Comment from : Henrik Johansson

Excellent presentation!
Comment from : PangitUnggoy

Hi I would like to ask how did you get the 55 from the video could you provide some formula? Thank you! I really have trouble understanding it
Comment from : Gerrickson Malto

What if you own the home free and clear Is there a minimum to do a total reno?
Comment from : Jermaine Davis

Just watched the video was awesome but after the math is done wouldn’t the profit be 30,000 as you would’ve recover the 50,000 you put in for upgrades? Or am I missing something ,but either way it seems like a great way to make money Thank you bro for the information
Comment from : josejka

Great content!
Comment from : Eloy Carrizales

Can you do a video of getting a hard money loan against the equity in your home with no income verification and bad credit score
Comment from : Tic Tac

Do you lend in California?
Comment from : Ruben Gaitan

Overall, really good info But I do need to correct one of your statements The name Hard Money has nothing to do with it being expensive It’s called Hard Money because the loan is against a Hard (physical) Asset Hard Money lenders are asset based first and foremost Yes, most check credit to make sure that the individual is a good risk, but the hard asset is the most important thing in the loan The reason that Hard Money is expensive because it’s a considerably more risky loan than a traditional loan that a bank will do (most banks won’t lend on properties that need renovations/rehab - yes I know that some will) Most hard money loans are against property that needs work The reason it’s riskier is because as soon as the demo starts, the house becomes worth less It’s not worth what the loan is based on until the renovations are completebrbrOne other thing, you really should have gone into why Hard Money lenders typically stop at either 65 or 70 of ARV for their loans Your example of the $800K loan on a $1M property is never going to happen with a professional Hard Money lender An 80 LTV is to risky in asset based lending
Comment from : Jeff Cichocki

I figured it out in my head! hehe approx $$$
Comment from : rgalunas

Great videobrHow did you get the 55 again?
Comment from : Dennis

Alex Becker
Comment from : Joshua Hawkins

This is a bunch of garbage Tell the truth, hard money lenders loan out 65 of the price unless it’s your rich uncle If they don’t know you, they won’t lend anything Please stop misleading people
Comment from : Beast

You couldn't have explained it any simpler, really appreciate the content bro You're going to be a top finance YouTuber in no time!
Comment from : Richard Akcayli

I'm actually looking into becoming an investor in hard money loans, it seems like good option to diversify one's portfolio
Comment from : Dan Cesc Villon